Accenture Stock Jumps On Strong Earnings, Full-Year Guidance

Accenture banal climbed aft it reported fiscal first-quarter net and gross that topped estimates. The institution raised full-year fiscal 2022 guidance amid its acquisition spree, giving a boost to ACN stock.

X

The planetary tech consulting and services institution reported fiscal Q1 net earlier the marketplace unfastened connected Thursday.

Accenture net for the 4th ended Nov. 30 roseate 20% to $2.78 connected an adjusted basis, said the Dublin-based company. Including acquisitions, Accenture (ACN) said gross roseate 27% to $14.97 billion.

Analysts expected Accenture net of $2.64 a stock connected income of $14.22 billion. A twelvemonth earlier, Accenture earned $2.32, including a 15 cent concern gain, connected income of $11.76 billion.

ACN Stock

Accenture banal jumped 7.9% to 405 connected the stock marketplace today. ACN banal had climbed 41% successful 2021.

Heading into the Accenture net report, the banal was extended from a flat-base introduction constituent of 345.62, according to IBD Stock Check-up.

Accenture Raises Guidance

For its fiscal 2nd quarter, Accenture said it expects gross of $14.30 cardinal to $14.75 billion. Analysts had projected gross of $14.12 billion.

The institution raised full-year gross guidance to a scope of 19% to 22% growth, up from 12% to 15% growth. Accenture raised its EPS outlook to a scope of $1032 to $10.60, up from $9.90 to $10.18.

Accenture continues to marque acquisitions to determination into digital, unreality and cybersecurity products. It besides has invested in artificial intelligence and blockchain technology.

IBD offers a wide scope of growth banal lists, specified arsenic Leaderboard. Investors besides tin make ticker lists for issues specified arsenic Accenture stock, find companies nearing a buy point, oregon make customized screens astatine IBD MarketSmith.

Follow Reinhardt Krause connected Twitter @reinhardtk_tech   for updates connected 5G wireless, artificial intelligence, cybersecurity and unreality computing.

Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists

How To Use The 10-Week Moving Average For Buying And Selling